Answer:
Congress passed the Federal Reserve Act in 1913, when the US had functioned without a central bank since 1836 because it wanted to end the numerous financial crises faced by the nation since its founding.
Primarily, the Federal Reserve Act of 1913 created the central bank of the United States. Its purposes included the printing of currency, control of money supply, maximization of employment, and the minimization of inflation.
Explanation:
The nation needed to enjoy economic stability by having a central bank that executes the monetary policies of the Federal government. The Federal Reserve Act provided the United States government with a safer, more stable, and more flexible monetary and financial system. Since its establishment, it has worked to ensure the enthronement of an efficient national payments system, flexible money supply, and effective lending/borrowing mechanism to ease liquidity crises for the facilitation of investments and industrialization of the nation.
Answer:
C
Explanation:
Did not allow people to make free choices
Answer:
They wanted a process that makes people live freely but not to free so people stay safe.
Explanation:
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Answer:
The Opium War, usually the Opium War refers to the First Opium War, which the British often refer to as the First Sino-British War or "Trade War", which was an unjust war of aggression launched by Britain against China from 1840 to 1842, and also the beginning of China's modern history of humiliation.
In 1840 (the twentieth year of Daoguang), the British government decided to send an expeditionary force to invade China under the pretext of Lin Zexu's Humen tobacco sales. In June 1840, 47 British ships and 4,000 army personnel, led by Rear Admiral George Yilu and Yi Lu, the commercial supervisor in China, arrived outside the mouth of the Pearl River in Guangdong province, blockaded Haikou, and the Opium War began.
The Opium War ended with China's defeat and the cession of land in reparations. China and Britain signed the Treaty of Nanking, the first unequal treaty in Chinese history. China began to cede land, pay indemnities, and agree on tariffs to foreign countries, which seriously endangered China's sovereignty, began to degenerate into a semi-colonial and semi-feudal society, lost its independent and autonomous status, and promoted the disintegration of the small-scale peasant economy. At the same time, the Opium War also opened a new chapter in the history of the resistance of the Chinese people to foreign aggression in modern times.
Explanation:
